Gold price surges as hedge funds wager $9bn on more gains
Biggest one day jump since Brexit vote as gold ETF purchases and hedge funds positioning reach record level.
Latest Stories
Coronavirus is double shock for China’s giant aluminium sector
The London Metal Exchange aluminium price sank to a three-year low of $1,685 per tonne at the start of February.
Sibanye CEO eyes future gold M&A of $5 billion
Company is likely to target North America-based gold producers with multiple assets.
Gemfields Mozambique’s ruby unit reports attack on workers
Attackers torched a vehicle, less than a month after 11 people died when parts of a mine pit collapsed.
Freeport pours cold water on Barrick Grasberg tie-up
Company is not interested in pulling the trigger on a deal for mine in Indonesia.
Newcrest hails drill results at Havieron project
Australia’s largest gold producer is working on defining the potential deposit's scale and mining methods.
Sayona bids for North American Lithium
Production at NAL was halted early last year, and in May the Québec Superior Court ended creditor protection.
Funds sell copper as coronavirus hits physical supply chains
Hedge fund managers appear more focused on the current state of the physical copper market than the promise of a sharp economic rebound in China.
White Metal to sell 70% interest in Seagull Lake project
The Ontario-based company signed a letter of intent with Quadro Resources.
